Several feed companies have hiked prices by 100 yuan per ton in a recent round of price increases. Corn and soybean meal prices have continued to rise after the Chinese New Year holiday, and companies have raised prices by between 300 to 400 yuan since the end of the holiday.
Stocks of soybean meal are relatively low, so companies had to quickly pass on these price hikes to their customers. CCTV reported yesterday that small feed mills are having difficulty sourcing supplies after some crushers ...